Molybdenum News Center

Ammonium Heptamolybdate Price - January 6, 2022

This week, the overall domestic molybdenum market showed a steady rise, mainly due to the unabated support of favorable factors, prompting suppliers generally to hold strong confidence in raising prices. In general, under the situation that the prices of most molybdenum products hit new highs and the downstream demand increased, the market performed well.

According to statistics from Chinatungsten Online, the price of molybdenum concentrate rose about 150 yuan/ton, or 3.50% this week; ferromolybdenum rose about 9,000 yuan/ton, or 3.08%; molybdenum oxide rose about 160 yuan/ton, or 3.65%; sodium molybdate rose about 3,000 yuan/ton, or 1.55%; ammonium heptamolybdate rose about 6,000 yuan/ton, or 2.17%; molybdenum powder rose about 15 yuan/kg, or 2.97%.

It can be seen that the price of molybdenum raw materials has increased significantly this week, while the increase of molybdenum chemical products has been relatively small. Under the current situation, the price of molybdenum chemical products rose accordingly, but due to insufficient follow-up of terminal demand, the price increase was small. Recently, the steel enterprises that entered the market to bid for ferromolybdenum include Hunan Hengyang Iron and Steel Group, Anshan Iron and Steel Group, Shougang Group, and Shandong Iron and Steel Group.

In terms of news: According to the data of China Iron and Steel Industry Association, in late December, the social stocks of the five major varieties of steel have risen and lowered, among which the stocks of cold-rolled and medium-heavy plates have declined slightly, and other varieties have increased. Specifically, the inventory of hot-rolled coils was 1.57 million tons, an increase of 4.0% from the previous month, and an increase of 0.6% from the beginning of the year; the inventory of cold-rolled coils was 1.13 million tons, a decrease of 2.6% from the previous month, and an increase of 0.9% from the beginning of the year; the inventory of medium and heavy plates was 940,000 Tons, a month-on-month decrease of 1.1%, inventory continued to decline slightly, an increase of 3.3% from the beginning of the year; wire rod inventory was 800,000 tons, an increase of 8.1% from the previous month, and a decrease of 36.5% from the beginning of the year; rebar inventory was 3.08 million tons, an increase of 2.7% from the previous month, and 1.7% from the beginning of the year %.

Prices of molybdenum products on January 6, 2022

Picture of molybdenum sheet 

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